Determinants of foreign ownership in Turkish manufacturing

Basit Öğe Kaydı
dc.contributor.authorTatoglu, E
dc.contributor.authorGlaister, KW
dc.contributor.authorErdal, F
dc.date.accessioned2024-03-13T10:33:41Z
dc.date.available2024-03-13T10:33:41Z
dc.date.issued2003
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractThis study provides a comprehensive account of foreign investors' ownership strategies in the manufacturing sector in Turkey, drawing broadly on the framework of Dunning's eclectic theory and the transaction cost model. of ownership. Unlike most of the prior research on equity ownership, which has been confined to a single source country, this study examines the ownership determinants of firms from numerous countries investing in a single host country. The study is based on a sample of 659 foreign affiliates of multinational enterprises with varying levels of foreign ownership. The study first examines the choice between a wholly owned subsidiary (WOS) and a joint venture (JV). The results show that cultural distance between the home country and the host country, the concentration ratio of the industry, diversification of parent-affiliate, capital size of affiliate, location of the affiliate, and, to some extent, the age of affiliate have the expected impact, supporting the study's hypotheses. However, the results concerning the impact of natural resource intensity of the target industry are contrary to expectations and contradict the findings of previous research. Next, the choice of equity level if the ownership structure is a JV is examined. The variables of cultural distance, diversification of parent-affiliate, and concentration ratio of Turkish industry entered prove relatively strong determinants of foreign ownership level. Little or no support is found for the impact of the age of the JV, the capital size of the JV, and the location of the JV on the foreign equity ownership level.en_US
dc.identifier.endpage41en_US
dc.identifier.issn0012-8775
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-0042848711
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage5en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12662/4108
dc.identifier.volume41en_US
dc.identifier.wosWOS:000182706900002
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoenen_US
dc.publisherM E Sharpe Incen_US
dc.relation.ispartofEastern European Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.titleDeterminants of foreign ownership in Turkish manufacturingen_US
dc.typeArticleen_US

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